Jazwares is acquiring Big Balloon, an Australian toy distributor.
“The acquisition of Big Balloon is an investment in our future global growth with a solid partner in the Australian market,” says Judd Zebersky, Founder and CEO of Jazwares. “Chris Loverso is an excellent manager and we are fortunate to have him and his entire team become a part of the Jazwares family. Jazwares Australia will have a major impact on the toy industry in the long-term, with the team’s laser focus on Jazwares’ brands and business, adding value to all retail partners and consumers.”
Big Balloon Co-Founder Chris Loverso will serve as Managing Director of Jazwares Australia.
“The company’s leadership, combined with the cultural alignment and our mutual passion for brands, made this the natural evolution for both our businesses,” Loverso says. “As team members, not just partners, we will be able to add our extensive experience and expertise in the Australian marketplace to add value and continue to grow the market-leading Jazwares brands and the long-serving partners we proudly represent in Australia.”
The two companies have worked together for eight years and will continue building local relationships in Australia.
